Electro-Jet Receives AMEC Award For Innovation

April 1, 2005

Electro-Jet S.A., a Spain-based manufacturer of spinning-related and other textile machinery,
recently received the Spanish Association of Export Companies’ (AMEC’s) El Forjador de la Innovaci
– an innovation award given in recognition of the company’s ongoing development of innovative
products. The award was given on the occasion of AMEC’s 35th anniversary celebration in Barcelona,
Spain.

Among Electro-Jet’s most notable innovations is a roving frame that the company reports is the
fastest such machine on the market, with a doffing time of less than two minutes.